Vale do Lobo shareholder is Portugal’s no. 1 in Panama Papers

Already linked to a plethora of investigations into alleged corruption in Portugal, Hélder Bataglia, one of the major shareholders of Vale do Lobo resort, has now been identified as the “Portuguese personality whose name appears most in the Panama Papers”.

According to Expresso, Bataglia’s name appears in more than 1,200 documents. Among his business dealings is a partnership with one of the daughters of the President of the Congo.

But despite the pretty much constant mentions in the press, Bataglia continues to evade Portuguese justice – remaining as far as papers can tell in Angola where he enjoys dual nationality.

According to Expresso, his life for the time being is “trapped between the 24th and 17th floor of the office building that houses what is left of Escom” – the billion euro business he built up that used to be “one of the most important in Angola” but which now is “dying” as crises and police investigations take their toll.

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